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if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what you're seeing is political theater. >> jamie: we're running out of time, doug. >> i agree. and that's true, but look, neither side wants to go over the cliff. politically it would be disastrous. >> for both sides. >> exactly, and for the president, he's the got an ambitious agenda next year, he wants to d
if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for...
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Dec 6, 2012
12/12
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the military had been told for months not to get ready for these budget cuts. in the meantime, "the washington post" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle would good friends and that they worked on it but he was also criticized by his fellow republicans for being a compromiser. when did compromise get to be a dirty word. >> we've seen signs of compromise on the side of john boehner and seen republicans go after him for doing that. >> exactly. it's a price of being a leader. what do you have for us in the next half-hour? >> it's the season we're dressing up our homes with a lot of holiday decor. it looks fantastic but can also be a little dangerous. we'll run through some of the possible dangers you might be having in your home right now. >>
the military had been told for months not to get ready for these budget cuts. in the meantime, "the washington post" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle...
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Dec 7, 2012
12/12
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obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more a
obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from...
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Dec 8, 2012
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social security chrks can be phased in g
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate...
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Dec 11, 2012
12/12
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ed to president obama hit the road to rally support from his plan. cbs reporter danielle nottingham has the latest from washington. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> if congress doesn't act soon, meaning in the next few weeks, starting on january first, everybody's going to see their income taxes go up. >> private face to face talks were revised this weekend when house speaker boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax break. >> while republicans have adamantly opposed raising taxes, now some are considering it if democrats agree to social security and medicare changes. republicans were disappointed with the proposed spending cuts in the president's first offer which do not include changes to entitlement programs. >> we have got to do something about the sp
ed to president obama hit the road to rally support from his plan. cbs reporter danielle nottingham has the latest from washington. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> if congress doesn't act soon, meaning in the next few weeks, starting on january first, everybody's going to see their income taxes go up. >> private face to face talks were revised this weekend when house speaker boehner went...
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Dec 10, 2012
12/12
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send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man that reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. >>> the national menorah in front of the white house, illuminated tonight, marking the start of hanukkah. of course, no hanukkah celebration would be complete without a spinning draddel. >> the big event at the nation's capital, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisoriers. emily schmitt has a look at the upcoming cabinet. >> this is a wonderful opportunity
send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man...
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they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporte
they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet...
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Dec 10, 2012
12/12
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spending cuts begin. >>> a cloud of political uncertainty hanging over venezuela. president hugo chavez announced that his cancer has return and he's traveling to cuba for surgery for a third time. this time, the 58-year-old leader, named the vice president as his choice to replace him in case something were to happen to happen. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shootout with the man who reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. no word yet on what prompted his rampage. >>> the national menorah in front of the white house, illuminated tonight, marking the eight-day start of the jewish holiday hanukkah. ♪ of course, no hanukkah celebration would be complete without a spinning draddel. this was performed by the u.s. navy band. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capit
spending cuts begin. >>> a cloud of political uncertainty hanging over venezuela. president hugo chavez announced that his cancer has return and he's traveling to cuba for surgery for a third time. this time, the 58-year-old leader, named the vice president as his choice to replace him in case something were to happen to happen. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shootout with...
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Dec 13, 2012
12/12
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this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the details of this thing for the past two weeks here. the past three weeks or longer. the white house is putting an offer on the table. they were far apart in spending cuts. our part in revenues and the way they do increase tax revenues. republicans say no to any tax rate increase. how speaker john boehner says they will do it by limiting deductions next year. what the white house wants is an immediate tax rate increase on families earning more than $250,000 per year. they have been going round and round. there has been incredibly little progress in washington since the offers officers were first treated. with respect you could start to run up to christmas here. it could take up to three days to get something through the senate. republicans have to sell
this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the details of this thing for the past two weeks here. the past three weeks or longer. the white house is putting an offer on the table. they were far apart in spending cuts. our...
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Dec 5, 2012
12/12
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. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this
. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax...
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they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporte
they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet...
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Dec 10, 2012
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democrats agree sending the senate-passed tax cut to president obama's desk is the quickest and most sensible way out of this crisis. avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop filibustering his own legislation rhode island now speaker boehner and minority leader mcconnell are the only thing standing between congress and compromise. it's time for them to prove to american families that they're more interested in protecting the medal class than pleasing the tea party. mr. president, on another subject, i rise to honor our colleague, the senior senator from nebraska, ben nelson, upon his retirement from the united states senate, to become effective after the first of the year. for 12 years senator nelson has been a valued member of the democratic caucus and an exemplary se
democrats agree sending the senate-passed tax cut to president obama's desk is the quickest and most sensible way out of this crisis. avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop...
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Dec 6, 2012
12/12
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. >>> te republican house majority leader told business leaders today president obama sms obsessed with raising tax. >>> we feel that's not the right direction to go, but we also feel that in that obsession is what he's about then let's at least do something about the spending problem. >> at the same meeth house speaker john baner said republicans have made a reasonable offer to the president with a balanced plan to raise revenues and cut spending. during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with th
. >>> te republican house majority leader told business leaders today president obama sms obsessed with raising tax. >>> we feel that's not the right direction to go, but we also feel that in that obsession is what he's about then let's at least do something about the spending problem. >> at the same meeth house speaker john baner said republicans have made a reasonable offer to the president with a balanced plan to raise revenues and cut spending. during a fla tla...
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. >> president obama wants republicans to agree to the wealthy tax hike before any negotiations about spending cuts begin. >>> just after midnight gay couples living in washington state made history joining in the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> mexican authorities say they have found the wreckage of a small plane believed carrying mexican american singer jenny rivera and six others. the plane had been missing since early this morning. reportedly lost contact with air-traffic controllers after taking off from monterey, mexico. authorities believe no one survived the crash. rivera is the mother of five children. >>> the national menorah in front of the white house was illuminated marking the start of the 5ieight-day jewish holiday hanukkah. ♪ of course, no hanukkah celebration would be complete without a spinning dreidel. this one danced to music performed by the u.s. navy band. >>> all the talk about the fiscal cliff may seem like a far off debate over politics in washington, but the reality is
. >> president obama wants republicans to agree to the wealthy tax hike before any negotiations about spending cuts begin. >>> just after midnight gay couples living in washington state made history joining in the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> mexican authorities say they have found the wreckage of a small plane believed carrying mexican american singer jenny rivera and six...
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. >>> new associated press poll shows there is clear support for president obama's insistence on raising taxes on highest income earners. in the poll 48% want the cuts on income exceeding $250,000 a year to expire in january, while continuing them for everyone else, 30 to% wanted to renew -- 32% wanted to renew tax cuts for everyone. >>> this afternoon, the 49ers' new stadium will reap a construction milestone crews will erik the uppermost structural steel beams 200 feet above the ground. -- 49ers ceo york and other dignataries will hold a ceremony. the two beams pained gold will bear signatures of the projects 570 construction workers, 49ers as well as santa clara city leaders. the work began in july. the stadium remains on schedule to open for the 2014 season. >>> we had 49er day earlier in season now it is raiders day. >>> definitely going to be a tough morning. not hanging heavy over the bay bridge or as we look at the ferry building from downtown san francisco wind blowing out of the west keeping dense fog from forming. also what is pushing the moisture into the atmosphere and why w
. >>> new associated press poll shows there is clear support for president obama's insistence on raising taxes on highest income earners. in the poll 48% want the cuts on income exceeding $250,000 a year to expire in january, while continuing them for everyone else, 30 to% wanted to renew -- 32% wanted to renew tax cuts for everyone. >>> this afternoon, the 49ers' new stadium will reap a construction milestone crews will erik the uppermost structural steel beams 200 feet above...
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>> well, i was encouraged to see the meeting between speaker boehner and president obama. i really feel a deal has to be made. look, by the end of the year, either republicans have to come together with democrats and have a deal, or else the tax cuts expire. who doesn't believe that on january 3rd republicans would not come back and extend the tax increases that would affect 98% of americans in this country. >> so "the wall street journal" has an editorial. i think it's kind of an sprg interesting editorial, and i'll read a chunk of it. "it's a shame that republicans are playing into mr. obama's hands. mr. obama isn't going to blink on the budget if he thinks republicans are going to blink first. so far, the emerging gop position seems to be to surrender on taxes first and hope that mr. obama will have mercy on them later on entitlements. but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago w
>> well, i was encouraged to see the meeting between speaker boehner and president obama. i really feel a deal has to be made. look, by the end of the year, either republicans have to come together with democrats and have a deal, or else the tax cuts expire. who doesn't believe that on january 3rd republicans would not come back and extend the tax increases that would affect 98% of americans in this country. >> so "the wall street journal" has an editorial. i think it's...
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the main sticking points remain raising taxings on the wealthy and cuts to entitlement programs like medicare. they are accepting that wealthy americans will get a tax hike. they have asked congress to work through the hold daybreak. >>> the federal reserve is expected to announce an expansion of the stimulus program this week. experts predict the fed will extend the program of buying $85 billion of securities each month into the new year the announcement is expected tomorrow or wednesday. >>> and a new service shows pay for college presidents continues its up ward climb. the chronicle of higher education studied data from 2010 and the median compensation rose about $400,000. that's up nearly 3%. for those of you about to go into college or starting college, may want to think of that for a career. pays pretty well. >> 400 grand, that works for me. >> no kidding that sounds good. thanks so much. >> see you guys. >>> it is 6:48, time to take a look at what's coming up a little bit later on cbs this morning. >>> charlie rose joins us from new york. >> good morning charlie. >>> good morn
the main sticking points remain raising taxings on the wealthy and cuts to entitlement programs like medicare. they are accepting that wealthy americans will get a tax hike. they have asked congress to work through the hold daybreak. >>> the federal reserve is expected to announce an expansion of the stimulus program this week. experts predict the fed will extend the program of buying $85 billion of securities each month into the new year the announcement is expected tomorrow or...
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president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due back until next week, but house speaker john boehner is staying behind ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making over $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> revenues we're putting on the table will come from, guess who, the rich. >> reporter: house republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy and they invited small business owners here to capitol hill to make their point. max olson opened an insurance company this year and is concerned he won't be able to ad
president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due back until next week, but house speaker john boehner is staying behind ready to sit down with the president. >>...
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that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a listen. >> mainly tax hikes. and as planned is it not begin to solve our debt crisis. it actually increases sp
that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is...
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promising to cut the red tape. now have they all forgotten about the victims? we're back with our political panel. john, you can see the frustration, you know. the man blasting president obama about his vacation to hawaii, just said he doesn't have electricity. you know, what about it? >> it's perfectly understandable and justified. i mean, you have the entire national media swoop in for a story where president obama and chris christie shook hands and that was supposed to be his great heartwarming moment where they were going to come together to fix things. now a month later there are real problems here and government just simply hasn't been working for a lot of these people. you have stories where there are perfectlily got fema trailers sitting in pennsylvania when they could be put to use in new york or new jersey. >> greta: why aren't they there? >> no one knows. i don't know. you hear people telling stories about filling out forms, people who are approved to use the money to stay at a marriott but not a comfort
promising to cut the red tape. now have they all forgotten about the victims? we're back with our political panel. john, you can see the frustration, you know. the man blasting president obama about his vacation to hawaii, just said he doesn't have electricity. you know, what about it? >> it's perfectly understandable and justified. i mean, you have the entire national media swoop in for a story where president obama and chris christie shook hands and that was supposed to be his great...
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obama will insist on only tax increases. let's bring in scott rasmusson from rasmusson reports. take us behind the numbers. what do you see here? >> the reason they are losing the war is they think it is about deficit reduction. they think it won't lead to serious deficit reduction. the president is talking about a fairness issue. since the republicans aren't engaging on that, he is winning. >> so what about raising taxes? president obama is standing firm on his position to raise taxes on the nation's top earners. how do people feel about that? joy they like that idea. -- >> they like that idea. 52% want a caned de who agrees. and the republicans are struggling with the opposition to all tax increase position. i think the most telling number is that a majority of americans want taxes to go up on the americans and one in five think it is too much to reduce the deficit. they reduce the tax hikes not for deficit reduction, but because it is the best thing to do. >> at a time when the american public is sort of expecting the def
obama will insist on only tax increases. let's bring in scott rasmusson from rasmusson reports. take us behind the numbers. what do you see here? >> the reason they are losing the war is they think it is about deficit reduction. they think it won't lead to serious deficit reduction. the president is talking about a fairness issue. since the republicans aren't engaging on that, he is winning. >> so what about raising taxes? president obama is standing firm on his position to raise...
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. >> does this mean that president obama sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in congress, 27% say president obama. 17% say it's both. what do republicans have in this battle? they really don't have much leverage, do they? >> the democrats faced the same thing in 2000, when george w. bush got elected, they realized they were going to have to scale back and do what he wanted hem to do. they're going to ask for entitle been reform. >> and this is going to happen on december 31st at 11:59? >> boehner and obama are meeting today for a reason because they know they have to do the chest beating inside and out. please, obama's begging, boehner's begging, they're going to finish this up. >>> a popular mexican
. >> does this mean that president obama sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in...
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all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-t
all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but...
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if it's acceptable -- if john boehner and barack obama cut a deal, it will pass the senate and the house no matter what nancy pelosi wants. >> i disagree with that. >> we have agreed so far on almost everything so. >> not here to necessarily agree. >> not 95, '96, gingrich who could dictate. if john boehner did which was walk into the caucus and say accept this or i am leaving, they will say bye. same thing with obama. the democratic caucus thinks they have the leverage >> bill: 20 minutes. here stan collender lendcollender. i am going to ask you about apple announcing that they are going to have a whole new line of computer manufacturing in the united states and what that means leading up to the job numbers at the bottom of the hour. "full-court press," friday december 7th. >> this is the if you recall court press. , the bill res show live on your radio and on current t.v. street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conver
if it's acceptable -- if john boehner and barack obama cut a deal, it will pass the senate and the house no matter what nancy pelosi wants. >> i disagree with that. >> we have agreed so far on almost everything so. >> not here to necessarily agree. >> not 95, '96, gingrich who could dictate. if john boehner did which was walk into the caucus and say accept this or i am leaving, they will say bye. same thing with obama. the democratic caucus thinks they have the leverage...
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president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of that would be the budget passed by the house by paul ryan, and it includes budget category cuts lead in transportation, or social services for income security. it does not get to the specific program-level, but he is talking about a 26% cut in transportation, which analysts have extrapolated and could mean a huge cuts in the number of air-traffic controllers, for example which would cause flight delays and cancellations. they would have to get more specific later on. that is the general framework. host: how much does domestic spending consume of our federal government? gu
president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of...
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tell me what you think barack obama is going to do to say i need a yes vote on this. he's gotten as worried about whether grover norquist now defines the republican party. because as we all know, if we are not worthy of the news media respect we are a party that will disappear. listen to the tone of the language when you watch the morning show or even fox and friends or this whole schtick. grover did something very important. he came up with the idea of the new tax increase pledge as a way of drawing the line in the sand and let me be clear about my background in the tax increases under ronald reagan i voted against the tax increase of george h. w. bush that it was a disaster, fundamental mistake coming and when we balanced the budget for four straight years, we did it by cutting taxes to accelerate economic growth. so i clearly represent a different view. [applause] but i have no problem if somebody wants to break their new tax pledge. if they are prepared to go home and explain them but this idea that they are treating this posturing and several senators upset i'm n
tell me what you think barack obama is going to do to say i need a yes vote on this. he's gotten as worried about whether grover norquist now defines the republican party. because as we all know, if we are not worthy of the news media respect we are a party that will disappear. listen to the tone of the language when you watch the morning show or even fox and friends or this whole schtick. grover did something very important. he came up with the idea of the new tax increase pledge as a way of...
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president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of that would be the budget passed by the house by paul ryan, and it includes budget category cuts lead in transportation, or social services for income security. it does not get to the specific program-level, but he is talking about a 26% cut in transportation, which analysts have extrapolated and could mean a huge cuts in the number of air-traffic controllers, for example which would cause flight delays and cancellations. they would have to get more specific later on. that is the general framework. host: how much does domestic spending consume of our federal government? gu
president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of...
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two met behind closed doors and focused on trying to hammer out a deal over tax hikes and spending cuts. president obama's core demand is putting the top marginal income rates back to clinton era levels after december 1st while the house speaker delivered a proposal that offered up to $800 billion in new revenue from closing loopholes and capping deductions for wealthier americans. however, democrats insist the speaker's plan is not enough. >> fox 5 political analyst mark plotkin joining us now to help sort out what went on between the president and house speaker john boehner today. it was looking pretty hopeless friday, now this, so what has actually changed? >> this is actual progress. you remember house speaker boehner said i'm here to give you a progress report. that was on friday, no progress and now they're actually meeting and you're hearing from republican senators and these are not far left wing republicans like senator corker of tennessee and senator colburn. you can't get any more conservative from oklahoma and congressman tom cole of oklahoma saying look, maybe these rate in
two met behind closed doors and focused on trying to hammer out a deal over tax hikes and spending cuts. president obama's core demand is putting the top marginal income rates back to clinton era levels after december 1st while the house speaker delivered a proposal that offered up to $800 billion in new revenue from closing loopholes and capping deductions for wealthier americans. however, democrats insist the speaker's plan is not enough. >> fox 5 political analyst mark plotkin joining...
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the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the the new year. announcement is expected when the bankers meet tomorrow and wednesday. a new survey shows pay for private college presidents continues the upward climb. they studied data from 2010 and median compensation rose to $400,000. that is up nearly 3 personality. that's a -- percent. that's a pretty good paying job there. very lucrative. >> cbsmoneywatch.com, thank you. >>> a heavy storm is pummeling the upper midwest. 15 inches of snow dumped on the twin city in minnesota. crews are cranking up the late to melty snow -- melt snow on the roof. it dumped 17 inches of snow on the roof causing it to cave in a couple years ago. and in denver a coupl
the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the the new year. announcement is expected when the bankers meet tomorrow and wednesday. a new...
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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president obama tock his message on the road speaking to auto workers to talk about the plan to cut taxes that will go into effect on january 1st if congress fails to act. >> what you need is a package that keeps taxes where they are for middle class families. we make some tough spending cuts on things that we don't need and then we ask the wealthiest americans to pay a slightly higher tax break. >> the president met privately with house speaker john boehner to discuss the matter. in a statement to fox business about that meeting speaker boehner's spokesman said discussions with the white house are taking place but we have no detail to share about the conversations. the republican offer made last week remains a republican offer. we continue to wait for the president to identify the spending cuts he has as part of the balanced approach he promised the american people. if they are going to reach a deal, there is still a lot of work to be done and very little time to do it. experts say a blue print deal must be reached sometime this week. hopefully by thursday. at least by that time to give
president obama tock his message on the road speaking to auto workers to talk about the plan to cut taxes that will go into effect on january 1st if congress fails to act. >> what you need is a package that keeps taxes where they are for middle class families. we make some tough spending cuts on things that we don't need and then we ask the wealthiest americans to pay a slightly higher tax break. >> the president met privately with house speaker john boehner to discuss the matter....
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republicans have sent the white house a counterproposal in response to a new plan president obama offered up privately yesterday. a boehner aide said the g.o.p. is waiting for the president to identify spending cuts, a point the speaker made on the house floor earlier today while white house press secretary jay carney called on republicans to get serious about revenue. >>here are the psint's spenng cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only that, we signed law a trillion dollars in specific spending cuts. so if you combine what is signed into law with what we proposed versus the total absence of any specificity from the republicans for a sin
republicans have sent the white house a counterproposal in response to a new plan president obama offered up privately yesterday. a boehner aide said the g.o.p. is waiting for the president to identify spending cuts, a point the speaker made on the house floor earlier today while white house press secretary jay carney called on republicans to get serious about revenue. >>here are the psint's spenng cuts? the longer the white house slow-walks this process, the closer our economy gets to...
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is going to cut a deal or is going to try to cut a deal with the iranian regime over the nuclear weapons program that will, in fact, sacrifice people the iran. i'd like to ask ali if you could add on how to tie together u.s. national security interest, and the human rights agenda because i happen to believe the best investment we can make in u.s. national security is to help the people of iran get rid of the regime. >> the united states has good experience in this regard. many people in this, in this group assembled here today belong to the white age group. you remember, some of you, the bad or old days of the cold war, but you also remember how the united states managed to start and have the process with the soviet union, and the idea was that negotiations between the united states should be built into the negotiations, and that hugely encouraged the soviets society who felt that there was international support for them, and they knew that there was a government outside of their own system trying to give them a voice. that was very, very important. another very important fact was that y
is going to cut a deal or is going to try to cut a deal with the iranian regime over the nuclear weapons program that will, in fact, sacrifice people the iran. i'd like to ask ali if you could add on how to tie together u.s. national security interest, and the human rights agenda because i happen to believe the best investment we can make in u.s. national security is to help the people of iran get rid of the regime. >> the united states has good experience in this regard. many people in...
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president obama says his plan reduces the deficit we $4 trillion over 10 years. forget the fact that it counts war savings which shouldn't count and go with the $4 trillion. house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year more than the president proposes and $1.38 trillion a year more than john boehner has offered. yeah. peanuts. i recently spoke with erskine bowles, the bowles in simpson-bowles and even he agreed that bill gross is right. >> absolutely. he's 100% right. i don't know if 16's number but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the problem long term. >> those are
president obama says his plan reduces the deficit we $4 trillion over 10 years. forget the fact that it counts war savings which shouldn't count and go with the $4 trillion. house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have...
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john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 trillion a year more than john boehner has offered. yeah. peanuts. i recently spoke with erskine bowles, the bowles of simpson-bowles, and he agrees that he's right. >> absolutely. he's 1pen hearst right. i don't know if 16 is the number, but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the number long term. >> those are big numbers. i want to bring in john avlon right now. this is what i find so incredible. we get so focused on is there going to be a deal, and the politics of a deal and going off the cliff and if the cliff is a slope that we're missing the bigger
john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 trillion a year more than john boehner has...